InvestorQ : Is it true that mutual funds have been selling in most of the large caps during the month of April 2020?
Deepa Salunkhe made post

Is it true that mutual funds have been selling in most of the large caps during the month of April 2020?

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Juvina Maggie answered.
6 months ago
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Several heavyweights on the Nifty saw aggressive selling in the month of April 2020 by Indian mutual funds. Interestingly, these funds were deployed in buying auto and PSU stocks as well as specific stocks in IT and pharma. Consider the following.

· Mutual funds sold 1.81 crore shares in HDFC Bank amounting Rs.1817 crore

· They sold 8.15 crore shares of ITC worth Rs.1484 crore in April

· MF also sold Rs.1275 crore worth of shares in Axis Bank

· Reliance Industries also saw MF selling worth Rs.1271 crore

· In addition MFs also sold L&T worth Rs.1172 crore and ICICI Bank worth Rs.1025 crore

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